Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback per Energy Regulatory Board Order Dated August 25, 1987
Revenue Memorandum Circular No. 39-87 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Aug 27, 1987
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August 27, 1987 REVENUE MEMORANDUM CIRCULAR NO. 39-87 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback per Energy Regulatory Board Order Dated August 25, 1987 TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, published hereunder are the new ad valorem taxes on the following petroleum products effective 12:01 A.M., August 26, 1987: cd Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas 3.5897 3.4636 (.1261) Regular Gasoline 3.2334 3.1226 (.1108) Avturbo 3.525 3.1222 (.4028) Kerosene 1.1747 1.1368 (.0379) Diesel Fuel 1.1551 1.0919 (.0632) Fuel Oil (Bunker) LPG* 0.8152 0.7773 (.0379) Asphalts 1.0354 0.9975 (.0379) Thinners/Solvents 3.4078 3.2970 (.1108) * P1.3906/kilograms All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. cdt (SGD.) EUFRACIO D. SANTOS Acting Commissioner
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